Advance tax collections in India increased by 22.61% to ₹4.36 lakh crores in the first half of the current financial year, indicating strong corporate performance and a robust economy. Net direct tax collections rose 16.12% to ₹9.95 lakh crores, with personal income tax showing significant growth over corporate income tax. The Government’s advance tax collections […]
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Commerce and Industry Minister Piyush Goyal has proposed creating a new township dedicated to startups, aiming to establish a new Silicon Valley in India. The plan involves developing a 500-acre area to support entrepreneurs and innovators, with the National Industrial Corridor Development Corporation overseeing the project. Bengaluru is considered the Silicon Valley of India, but Commerce and Industry […]
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The scheme was extended to women-owned MSEs in December 2022 to provide credit guarantee of 85% for loans up to Rs 2 crores which was later increased to Rs 5 crores. In a move to support women entrepreneurship, the MSME Ministry on Tuesday said women-owned micro and small enterprises (MSEs) will get higher credit guarantee coverage under the […]
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Looking at the reception that he has got for his recently inaugurated Tetr College of Business, a B-school based on experiential learning, the entrepreneur thinks students and parents are ready for something innovative in education. Of the 40 courses taught at one of the top 10 business schools in the world, only one caught Pratham […]
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With the online delivery market booming, food delivery is no longer just about satisfying hunger. Brands are stepping up to offer customers a complete home dining experience. With food aggregators like Swiggy and Zomato dominating the online delivery market, ordering food is no longer just about satisfying hunger. It’s a multi-step process that often starts […]
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The financial year 2025 has started with mixed news for those in the green card queue. The Department of State has released the October 2024 Visa Bulletin, providing a snapshot of immigrant visas available for the first month of financial year 2025. Notably, the Final Action date for the China EB-3 category has been pushed […]
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China’s industrial output and retail sales faltered in August as the economy lost momentum, adding to expectations. Beijing will step up stimulus efforts in the final months of the year. Industrial output rose 4.5% year on year, down from 5.1% in July and missing the average forecast of analysts polled by Bloomberg of 4.7%. Retail sales rose […]
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The Finance Ministry on Thursday modified the compounding rules for offences under the Foreign Exchange Management Act (FEMA) by raising the monetary limits for adjudications by RBI officials and allowing online payments. As per the Foreign Exchange (Compounding Proceedings) Rules, 2024, the fees for filing compounding application have been doubled to Rs 10,000 plus GST, […]
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Top companies tell stories of enhanced productivity & creativity Even as the debate whether artificial intelligence is indeed eating up jobs rages on, with fresh data to either support or negate the claim being thrown up regularly, there is no argument about the fact that AI is a tool to enhance productivity and efficiency. Microsoft and LinkedIn’s recent release of […]
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The Government has removed the minimum condition on onion exports with immediate effect. Previously, a minimum export price of $550 per MT was imposed in May 2024. This led to a significant drop in onion exports by over 50% in June. Till July 31, 2024, India exported 2.60 lakh tons of onions this financial year. […]
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